Mizuho Markets Americas LLC Makes New $5.44 Million Investment in Marathon Digital Holdings, Inc. $MARA

Key Points

• Mizuho Markets Americas LLC established a new stake in Marathon Digital (NASDAQ:MARA) in Q3, buying 297,828 shares worth about $5.44 million, roughly 0.08% of the company.
• Insider selling has been notable: CFO Salman Hassan Khan sold 34,732 shares and General Counsel Zabi Nowaid sold 25,113 shares, with insiders offloading 155,474 shares (≈$1.94M) in the past 90 days and now owning 0.80% of the stock.
• Several analysts have cut price targets (e.g., JPMorgan to $13, Piper Sandler to $16), but the stock retains a consensus Moderate Buy rating with an average target of $22.44.

Mizuho Markets Americas LLC acquired a new stake in shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 297,828 shares of the business services provider's stock, valued at approximately $5,438,000. Mizuho Markets Americas LLC owned about 0.08% of Marathon Digital at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MARA. Fifth Third Bancorp grew its stake in Marathon Digital by 59.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,824 shares of the business services provider's stock valued at $29,000 after purchasing an additional 683 shares during the last quarter. Estabrook Capital Management acquired a new stake in Marathon Digital during the 2nd quarter valued at approximately $31,000. IFP Advisors Inc increased its stake in shares of Marathon Digital by 375.4% in the second quarter. IFP Advisors Inc now owns 2,534 shares of the business services provider's stock worth $40,000 after acquiring an additional 2,001 shares during the period. Salomon & Ludwin LLC acquired a new position in Marathon Digital during the third quarter valued at $47,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Marathon Digital by 303.6% in the second quarter. Smartleaf Asset Management LLC now owns 5,013 shares of the business services provider's stock valued at $75,000 after purchasing an additional 3,771 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company's stock.

Insider Transactions at Marathon Digital

In other Marathon Digital news, CFO Salman Hassan Khan sold 34,732 shares of Marathon Digital stock in a transaction on Monday, December 15th. The stock was sold at an average price of $11.48, for a total value of $398,723.36. Following the sale, the chief financial officer owned 248,566 shares in the company, valued at $2,853,537.68. The trade was a 12.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Zabi Nowaid sold 25,113 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $15.87, for a total value of $398,543.31. Following the transaction, the general counsel owned 723,136 shares of the company's stock, valued at approximately $11,476,168.32. This represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 155,474 shares of company stock worth $1,937,880 in the last 90 days. Insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Marathon Digital from $20.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, November 24th. Piper Sandler decreased their price target on Marathon Digital from $26.00 to $16.00 and set an "overweight" rating for the company in a report on Wednesday, January 14th. Rosenblatt Securities dropped their price objective on shares of Marathon Digital from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, November 5th. Compass Point upgraded shares of Marathon Digital from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a research note on Monday, November 24th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Marathon Digital in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.44.

Marathon Digital Stock Up 6.6%

MARA stock opened at $11.36 on Monday. The firm has a 50-day moving average of $11.08 and a two-hundred day moving average of $15.28. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 6.31 and a beta of 5.34. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.63. Marathon Digital Holdings, Inc. has a 12 month low of $8.95 and a 12 month high of $23.45.

Marathon Digital (NASDAQ:MARA - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.06). Marathon Digital had a negative return on equity of 2.59% and a net margin of 100.82%.The company had revenue of $252.41 million for the quarter, compared to analysts' expectations of $254.58 million. As a group, analysts forecast that Marathon Digital Holdings, Inc. will post -1.04 earnings per share for the current fiscal year.

Marathon Digital Profile

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

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